U.S. trade deficit of $78.2 billion in November...6.2% month-on-month ↑

In November last year, the U.S. trade deficit was more than 6% higher than a month ago.

The U.S. Department of Commerce said the trade deficit was $78.2 billion in November last year, up $4.6 billion and 6.2% from the previous month.

The deficit was slightly smaller than the $78.4 billion deficit in expert forecasts compiled by Dow Jones, but the U.S. trade deficit has continued to grow since the second half of 2023.

U.S. exports rose $7.1 billion month-on-month to $273.4 billion in November last year, but imports reached $351.6 billion, $11.6 billion more than a month earlier, widening the trade deficit.

The trade deficit by country was $25.4 billion for China, $20.5 billion for the European Union, $15.4 billion for Mexico and $11.3 billion for Vietnam.

Major U.S. imports were found to be industrial materials, semiconductors, and passenger cars, while exports were found to be crude oil and petroleum products, industrial materials, and pharmaceuticals.